July 2010 Archive
Higher enhanced UK annuity rates
Did you realise you could get higher enhanced UK annuity rates for various reasons, and not just because of your state of health? Admittedly, higher annuity rates are available to those who suffer from more serious medical conditions, and rates up to 50% higher aren’t uncommon. However, you can get higher rates if you’re overweight, if [...]
Will you still have to buy a pension annuity?
Will you still have to buy a pension annuity when you reach retirement? The crucial question is, how much pension will be deemed sufficient to prevent the individual retiree from falling back on State benefits and how big a lump sum will they need to actually provide this? Until we know and understand all this fully we [...]
Many will still have to rely on the best UK annuity rates
Despite what you may have read, many people will still have to rely on the best UK annuity rates. While the government’s plans to abolish the requirement to use pension fund savings to purchase an annuity by age 75 at the latest is welcome news, the reality is that for the vast majority of retirees, nothing much will [...]
Use the open market option for the best annuity rates
I’ve just seen an article on TV about annuities. It said you should use the open market option for the best annuity rates for your retirement income. Annuities quotes from the open market will include all the different annuity providers and not just a single provider or a panel of providers. It will also include specialist providers [...]
UK pension annuity rates are all about life expectancy
To get the best annuity rates you need to understand UK pension annuity rates are all about life expectancy. When you buy an annuity with your hard saved pension fund, you’re actually buying a guaranteed income for the rest of your life. So it’s important you shop around to find the best deal and understand why. Annuity [...]
Pension annuities; is a flexible pension annuity the answer
A lot has been said about pension annuities; is a flexible pension annuity the answer to many people’s concerns. According to enhanced annuity rates provider, MGM Advantage, around 40% of non-retired adults believe that the amount of annuity income they will require as they progress through their retirement will increase. This rises to nearly half of non retired adults [...]
Will the best pension annuity rates be enough
Will the best pension annuity rates be enough for the many millions of people in retirement? Around 14.5 million people expect their income needs to increase through retirement, so no. A quarter of non-retired adults have not started to plan their retirement income just yet, but 20% (6.4 million) non-retired adults will not seek professional financial advice on [...]
Compulsory annuity purchase will remain for most
Compulsory annuity purchase will remain for most, despite the supposed biggest shake-up of pensions in a generation that on first read will allow millions of retired people to dip into their pension fund as and when they like. And it will be made easier for the elderly who die with a large sum of unused pension [...]
Compulsory annuity purchase changes
The Government wants to foster a new culture of saving in the UK with compulsory annuity purchase changes. The Treasury secretary, Mark Hoban, has suggested new rules supposedly helping the vast majority of people who buy an annuity at retirement for their income secure the best possible deal? Or has he put an end to the requirement to have to [...]
An end to compulsory annuity purchase
The Government announced recently that they had plans to put an end to compulsory annuity purchase. This is the requirement for people with private pension plans to convert their savings into an income with an annuity by age 75. It looks at first sight like a good idea. However, this reform will be of use to only a tiny [...]